The GST Council Secretariat has updated the composition of the Group of Ministers (GoM) on Life and Health Insurance, effective June 2, 2025.
An IBBI RTI appeal regarding Chairperson appointments and employee overtime pay was disposed of. The authority affirmed no obligation to create or interpret information not held.
SEBI has issued a circular updating the Investor Charter for Research Analysts to boost investor protection, outlining RA responsibilities, grievance redressal, and transparency.
SEBI revises Investor Charter for Investment Advisers, mandating enhanced disclosures, grievance redressal via SCORES 2.0/ODR, and clear investor rights/responsibilities.
ITAT Pune ruled for Yash Construction Co., holding that declared income during survey, if linked to business, cannot be taxed at higher rates under Section 115BBE.
ITAT Pune rules for Late Harilal Mavjibhai Patel, confirming excess stock found during survey is business income, not subject to higher tax rates under Section 115BBE.
Delhi High Court directs Filatex India Ltd. to GST Appellate Authority, noting “identically worded” SCN and Order-in-Original, suggesting non-application of mind.
ITAT Hyderabad rules for Taj GVK Hotels, allowing interest deduction, prior period expense, and accepting accounting method change for AY 2003-04.
ITAT Mumbai rules in favor of Piem Hotels, overturning Section 14A disallowance for AY 2014-15 & 2016-17 due to AO’s lack of recorded satisfaction.
Gujarat High Court has issued a rule on the constitutional validity of Section 16(2)’s second proviso in the CGST Act. The court declined to stay ongoing show cause notice proceedings, stating the petitioner can raise all contentions during adjudication.
